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China to Aid Solar Industry by Easier Financing: Cabinet

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China, the world’s biggest maker of solar panels, will boost domestic demand for solar-generated electricity and provide easier financing to manufacturers as rising trade tensions slow exports.

Grid companies should build networks that will be operational in sync with solar-generation projects and give priority access to their produced power, while lenders need to help panel makers raise capital, according to a statement on the central government’s website yesterday after a State Council meeting. Authorities will also implement 10 steps to cut air pollution, including curbing dirty projects and making local governments more accountable for environmental management.